Biotechnology industry in Boston
Greater Boston, primarily Boston and Cambridge, is home to more than 1,000 biotechnology companies, ranging from small start-ups to billion-dollar pharmaceutical companies. The many universities in the area give the region a large network of scientists.
The Kendall Square area of Cambridge holds a large concentration of the life science industry, numbering over 120 companies within a mile, and has been described as the "center of the nation’s biotechnology industry". The Longwood area of Boston, about two miles from Kendall Square, is also home to many biomedical research companies.
The biotechnology industry in Boston dates back to the 1970s, when genetic engineering was developing. Biogen was the first company in Boston to focus on biotechnology.
In 2008, the governor of Massachusetts announced the Massachusetts Life Sciences Act, promising $1 billion to further the development of the biotech industry. Massachusetts is among the top states for biotech jobs.
In 2016, venture investment in Massachusetts biopharma companies was $2.9 billion, and more than half of the biotech companies in the state receiving venture capital were located in Cambridge. When Cambridge and Boston were considered together, they received more than 80% of the funding in the state. Seven teaching hospitals are located in Boston, contributing to the research efforts. Five of the top six NIH-funded independent hospitals in the United States are located in Boston.
- Broad Institute
- Whitehead Institute for Biomedical Research
- Wyss Institute for Biologically Inspired Engineering
- Mass General Research Institute
- Merck & Co.
- Acceleron Pharma
- Akebia Therapeutics
- Aderis Pharmaceuticals
- Agios Pharmaceuticals
- Alnylam Pharmaceuticals
- Deciphera Pharmaceuticals
- Editas Medicine
- Intellia Therapeutics
- Ironwood Pharmaceuticals
- Merrimack Pharmaceuticals
- Sarepta Therapeutics
- Takeda Pharmaceuticals
- Vertex Pharmaceuticals
- Atlas Venture
- Fast Track Initiative
- Massachusetts Biotechnology Council (MassBio)
- List of biotech and pharmaceutical companies in the New York metropolitan area
- Bayside Expo Center#Bay City development
- Morrissey Boulevard#Biotechnology industry
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- ^ Logan, Tim. "Developers are scrambling for the next Kendall Square. Where will it be?". The Boston Globe. Retrieved 21 February 2019.
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- ^ "Clusterluck". The Economist. January 16, 2016.
- ^ Khalid, Asma (June 19, 2017). "How Boston Became 'The Best Place In The World' To Launch A Biotech Company". WBUR (BostonomiX).
- ^ "Life Sciences Initiative". www.mass.gov.
- ^ "Gov. Patrick and the Mass. Life Sciences Center Announce Over $100 Million in Capital Grant Funding for Projects in Western Mass". Office of News & Media Relations | UMass Amherst.
- ^ Saltzman, Jonathan (January 6, 2019). "For biotech, 2019's not a sky's-the-limit year - The Boston Globe". The Boston Globe. Retrieved 12 April 2019.
- ^ "Mass Bio Industry Snapshot 2017" (PDF). Massachusetts Biotechnology Council. 2017.
- ^ "Mass Bio Industry Snapshot 2016" (PDF). Massachusetts Biotechnology Council. 2016.